World Bank Says Collapse Has Arrived - The Age, Australia

peaceandlove · 03-10-2009, 02:25 AM

World Bank Says Collapse Has Arrived

Peter Martin
March 10, 2009

Melbourne in 2009 and in 1945 - feeling the flak from Asia. Digital Image: Mick Connolly.

THE World Bank has broken a taboo, becoming the first official organisation to predict the global economy will shrink during 2009, to collapse for the first time in more than 60 years.

A previous forecast from the International Monetary Fund predicted global growth of just 0.5 per cent this year, something it described as a recession but "still positive".

Article continues: http://business.theage.com.au/busine...0309-8taj.html

Don't Panic! World Bank - even THEY say Collapse has started

Listen to Commentary by Mike from Fever I Am on youtube. I can't verify his information is accurate, but most of the articles he commentates on are very significant.

Video (first three minutes) (10:16): http://www.youtube.com/watch?v=4vZBb...e=channel_page

03-10-2009, 02:25 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	World Bank Says Collapse Has Arrived - The Age, Australia World Bank Says Collapse Has Arrived Peter Martin March 10, 2009 Melbourne in 2009 and in 1945 - feeling the flak from Asia. Digital Image: Mick Connolly. THE World Bank has broken a taboo, becoming the first official organisation to predict the global economy will shrink during 2009, to collapse for the first time in more than 60 years. A previous forecast from the International Monetary Fund predicted global growth of just 0.5 per cent this year, something it described as a recession but "still positive". Article continues: http://business.theage.com.au/busine...0309-8taj.html Don't Panic! World Bank - even THEY say Collapse has started Listen to Commentary by Mike from Fever I Am on youtube. I can't verify his information is accurate, but most of the articles he commentates on are very significant. Video (first three minutes) (10:16): http://www.youtube.com/watch?v=4vZBb...e=channel_page Last edited by peaceandlove; 03-10-2009 at 02:52 PM.